I know we have an expert here on this credit, but darned if I remember who it is. Hoping they will see this and respond.
I have a situation I've not previously encountered. Client has lake house with 2 additional adjoining lots. When I pull up the property tax records they all show as 100% homestead and all 3 the homestead exempt amount is the same as the taxable value. 2 have class code 401-improved and 1 has class code 402-vacant. Can I use all 3 for the credit? I'm not having much luck telling me if I can or can't.
I have a situation I've not previously encountered. Client has lake house with 2 additional adjoining lots. When I pull up the property tax records they all show as 100% homestead and all 3 the homestead exempt amount is the same as the taxable value. 2 have class code 401-improved and 1 has class code 402-vacant. Can I use all 3 for the credit? I'm not having much luck telling me if I can or can't.
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